Toward a Monetary Union in the East African Community
Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms
Nonfiction, Reference & Language, Law, Corporate, Business & Finance, Economics, Money & Monetary Policy
| Author: | Paulo Mr. Drummond, Ari Mr. Aisen, C. Emre Mr. Alper, Ejona Ms. Fuli, Sébastien Mr. Walker | ISBN: | 9781513536668 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | July 20, 2015 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Paulo Mr. Drummond, Ari Mr. Aisen, C. Emre Mr. Alper, Ejona Ms. Fuli, Sébastien Mr. Walker |
| ISBN: | 9781513536668 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | July 20, 2015 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
This paper examines how susceptible East African Community (EAC) economies are to asymmetric shocks, assesses the value of the exchange rate as a shock absorber for these countries, and reviews adjustment mechanisms that would help ensure a successful experience under a common currency. The report draws on analysis of recent experiences and examines likely future changes in the EAC economies.
This paper examines how susceptible East African Community (EAC) economies are to asymmetric shocks, assesses the value of the exchange rate as a shock absorber for these countries, and reviews adjustment mechanisms that would help ensure a successful experience under a common currency. The report draws on analysis of recent experiences and examines likely future changes in the EAC economies.
